Business · Markets · 56 mins ago

DAX expected to rise while staying above 25,000 points

DAX expected to rise while staying above 25,000 points

Germany’s main stock index, the DAX, was expected to rise at the start of the week and remain above 25,000 points.

It had gained about 1.1% on Friday to close at 25,087 points.

High oil prices and government bond yields continue to weigh on markets.

Oil prices are also fluctuating amid the ongoing US-Iran conflict, while high borrowing costs add pressure to government budgets.

Investors were watching the start of the US corporate earnings season on Tuesday, beginning with banks.

Their results may offer clues about demand for loans and the wider economy, while US inflation figures could affect Federal Reserve interest-rate plans.

Volkswagen was also in focus, with sales figures for the third quarter due and updates from several carmakers expected during the week.

Sources

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